Nys Minimum Wage 2024 Salary Exempt. Employers are reminded that the next new york state minimum wage increase to $15.00 per hour was effective january 1, 2024, rather than december 31 as it has been in the. As of january 1, 2024, new york state’s minimum wage will increase to $16 per hour in new york city and the counties of nassau, suffolk and westchester, and to $15 per hour everywhere else in the state.
Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025 and 2026. The minimum salary for exemption as an executive or administrative employee increases to $1,200 per week ($62,400 annualized) in new york city, nassau, suffolk, and westchester counties and to $1,124.20.